THE PICK OF THE BUNCH - CHERRY TREE MOTEL
12 Riccarton Road Riccarton View map
Listing # 11238621B Listed 9 Mar 2017
About this property
Welcome to Cherry Tree Motel Lodge, 12 Riccarton Road, Christchurch
Via its ongoing relationship with local and international business networks, this modern and well-appointed motel experiences a stable occupancy rate comprised of a corporate clientele who favour its central 'golden mile' location. Attractive street frontage with high volume passing traffic attracts a plentiful supply of walk-in guests while an informative user-friendly website maintains a strong on-line presence.
Primely positioned only 9 minutes from the CBD, 15 minutes from the airport with proximity to Christchurch's eateries and entertainment, guests also benefit from easy drive-on access, abundant parking, spa and laundry facilities.
Comprising 19 fully self-contained units (15 studio + 4 one bedrooms units) and a three bedroom manager's residence, the set up is ideal for a couple or family run venture.
A consistent performer with future development potential and a rent review not scheduled until July 2018 and thereafter every three years.
A sensational lifestyle opportunity or portfolio investment for the seasoned entrepreneur. An opportunity not to be missed, BE QUICK.
Address 12 Riccarton Road, Christchurch Land Area 1384 square meters Floor Area 580 square meters Units 19 + 1 units + 3 Bedroom Accommodation (Managers)
Car Parks 20 Current Zoning Business/Residential Price By Negotiation Inspection Contact Leta Quartermain 0277 389 788 or Letaquartermain@gmail.com for Private Viewing by Appointment only.
Commercial for Sale Investment Opportunities
- 1,384 m2 Land
- 580 m2 Floor
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